People think the nuclear ambition of Iran is the reason for Iran war. That is only right on Israel's part. For US part, it is petro-dollar.

US dollar is appointed currency in oil trading. Because the oil trade is a huge business, a large amount of dollar is locked up in that trade. That money is called petro-dollar. Why it is so important to US? Because it acts as a long term none interest loan The prosperous US economy partly was based on the petro-dollar - a long term loan without interest. Let me depict it in this way:

US bought a house from Japan (whom represents the oil customers of Iran) for one million dollars. US also bought another house from France (whom represents other oil customers of OPEC) for one million dollars. Japan and France use these two million dollars as fund to buy oil. The money was used in oil trading circle and never back to US. US enjoys the two houses almost free. He doesn't have to pay monthly mortgage payment. Not a penny for interest, nor for principle. All the cost was the printing of a green back paper. However, that green back paper - petro dollar, is still a debit note. How long is it? So far it's more than forty years - since dollar became the appointed oil trade currency.

But suddenly, Iran refuses to accept dollar. Japan has to ask US to exchange that one million dollar into Euro or yen. What US can do is: 1. to get the dollar back by export more merchandise. But he is not able to. He has a trade deficit already. 2. To get the dollar back with gold or foreign currency reserve. But he hasn't that much reserve. 3. To lock up that extra one million dollar in US Bond by raising the interest rate to attract the buyer. But he unwilling to do it. There is a sub-prime crisis in real estate market. Any interest increase will further devalue the house. Feds holds a large amount of real estates in my case, they don't allow such thing to happen. So to solve the problem, they go to the fourth option. 4. By pushing up the oil price.

France (other oil consumption countries) keeps one million dollar as oil trading fund. How much does he need if the oil price doubled? Two million. Thus the one million dollar Japan abandoned is absorbed by France. That's why the oil price jumped like crazy in recent days - a tricky way to keep US dollar from collapsing.

US has to pay for high oil price too. Ordinary people bear the cost. But the high oil price will hurt the economy. The condition won't last long. So war on Iran is unavoidable.

Of course, US is a "democratic" country. It can't start a war because others refusing to use its currency. Then beware of another 911 style false flag attack.

We know there was an incident of live nuclear head weapons being carried over the continental US by a B-52 last August. There is attempt of dirty bomb attack in Houston this year. Quote, "State of Emergency: The US in the Final Six Months of the George W. Bush Administrationby Lewis Seiler and Dan Hamburg June 13, 2008 by CommonDreams.org .......Former National Security Agency analyst and naval intelligence officer Wayne Madsen has been in Houston investigating the Carnaby case at great personal risk. Madsen believes Carnaby was involved both in heading off a potential war with Iran (by leaking Mossad plans to assassinate Hezbollah leader Hassan Nasrallah just days before Carnaby himself was killed) and in trying to forestall a potential terrorist attack on the port.According to Madsen, “federal agents in Houston fear that ‘another 9/11-type part false flag’ attack is imminent, perhaps as early as July 4.”.......

3. The main reason is not supply and demand. It's US manipulating the oil price by oil reserve and future contract.

(1) Quote, "The former Fed chief also detailed how investors, rather than users of oil, have come to set the price of oil through purchasing futures contracts." Though Greespan use "investors" instead of "speculators".

(2) From supply side:

08-03-05. OPEC to maintain current production; blames US for economic ’mismanagement’

OPEC President Chakib Khelil told reporters the global market is being affected by what he called "the mismanagement of the U.S. economy," and that America's problems were a key factor in the cartel's decision to hold off on any action.

"If the prices are high, definitely they are not due to a lack of crude. They are due to what's happening in the U.S.," Khelil said. "There is sufficient supply. There's plenty of oil there."

Though Khelil uses "US economy" instead of "speculators".

(3) From demand side:

Quote, "Shell CEO says record oil not due to shortageThu May 22, 2008 5:24pm BST

June 02, 2008...........The finding of US Senate Committee in 2006In June 2006, when the oil price in the futures markets was about $60 a barrel, a Senate Committee in the US probed the role of market speculation in oil and gas prices. The report points out that large purchase of crude oil futures contracts by speculators has, in effect, created additional demand for oil and in the process driven up the future prices of oil.......

The report further estimated that speculative purchases of oil futures had added as much as $20-25 per barrel to the then prevailing price of $60 per barrel. In today's prices of approximately $130 per barrel, this means that approximately $100 per barrel could be attributed to speculation!...

*What is interesting to note is that the US strategic oil reserves were at approximately 350 million barrels for a decade till 2006. However, for the past year and a half these reserves have doubled to more than 700 million barrels. Naturally, this build-up of strategic oil reserves by the US (of 350 million barrels) is adding enormous pressure on the oil demand and consequently its prices.

From early July 2007 to the end of January 2008, in seven months, oil price rose from $60/barrel to $95/barrel. In this period, Iran completed its oil trading from dollar to foreign currency.

Quote, " Iran wants yen

July 13/2007 (Bloomberg) -- Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran's central bank said it is reducing holdings of the U.S. dollar."

(3) Expand to future deal.

Early February 2008 to 7/4/2008, oil price was pushed up from $95 to $147 a barrel. That's a $50 dollars inflation in five months. Why I start this period from Februry 2008? Because Iran's Bourse inaugurated on Feb.17. When the oil customers of Iran have to buy the future contract by reserving more foreign currency in the bank, US has to push up the price, let other OPEC customers absorb the Petro-dollars dumped by Iran customers.

Quote, "Iran Oil Bourse to deal blow to dollar

Fri, 04 Jan 2008 The long-awaited Iranian Oil Bourse, a place for trading oil, petrochemicals and gas in various non-dollar currencies, will soon open.

Iran's Finance Minister Davoud Danesh-Jafari told reporters the bourse will be inaugurated during the anniversary of the Islamic Revolution (February 1-11) at the latest.

Some expert opinions hold inauguration of the bourse cold significantly devalue the greenback.

Deputy head of the National Iranian Oil Company for international affairs says Iran has completely dropped dollar in its oil sales.

In an interview with The Financial Times, Hojjatollah Ghanimifard said that over the past three months, Iran has received 75 percent of the proceeds from its oil sales in euros and the remaining 25 percent in the Japanese currency, yen.

It is no secret that Iran has a great deal of oil to offer to the rest of the world. Yet one of the main reasons why it doesn’t do well economically with it is due to sanctions imposed by the United States. They don’t want to purchase it from Iran due to rumors of money being used for nuclear weapons and terrorism. Many of these rumors are said to have substantial evidence to back them up.

Yet with oil prices continuing to increase around the world it makes many uneasy. They feel it may be worth it to buy oil from Iran at a lower price so that everyone can benefit from it economically. There are plenty of pros and cons to this but at the end of the day the United States government says they aren’t going to budget on such sanctions.

Still, there are plenty of other countries out there that are buying oil from Iran. In fact it is strongly rumored that some do at a very low price and then resell it to the United States for a hefty profit. Yet they aren’t disclosing that the oil is actually coming from Iran. In some cases they go as far as to repackage the barrels of oil so that it isn’t evident of what has taken place.

Since Iran is ranked as number four in the world as far as oil production they depend heavily on exporting it economically. It is believed that they have at least 90 billion gallons of oil in reserve. It is believed that they keep so much of it on reserve due to the financial risk of problems that could arise with the oil exports due to political issues around the world.

Even so, while some countries including the United States are fighting to prevent Iran from selling their oil others are helping them for their own economical gain. The latest such event took place in 2004 when China and Iran reached an agreement for more than $100 billion. This agreement gives China a huge part of the oil business in Iran. Many believe this was a move on the part of China to give them more power globally than they have right now.

It is no secret that Iran has a great deal of oil to offer to the rest of the world. Yet one of the main reasons why it doesn’t do well economically with it is due to sanctions imposed by the United States. They don’t want to purchase it from Iran due to rumors of money being used for nuclear weapons and terrorism. Many of these rumors are said to have substantial evidence to back them up.

Iran wouldn't talk United States filthy money anyway.

There can be no faith in government if our highest offices are excused from scrutiny - they should be setting the example of transparency.

Also , the U.S.A. won't have to worry about going to war with Iran, Israel will take care of Iran by itself. They don't need us to take out Iran, they would like our approval, but the Usurper in chief won't stand by Israels side, so they are on their own.

They need money more than anything right now, with the price of oil well below their 100 dollar a barrel dream. They are hurting for petro dollars. They are cutting off their nose to spite their face. How will they ever complete their armageddon bombs without petro dollars?They have taken a serious hit economically since the fall of the price per barrel.

Contact Us.

This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. we believe this constitutes a "fair use" of any such copyrighted material as provided for in section 107 of the US Copyright Law.

In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed an interest in receiving the included information for research and educational purposes.